The Thiruvananthapuram Rural Crime Branch has arrested the former manager of a cooperative bank for alleged financial misappropriation.
The police identified the accused as Ajayakumar of Kadakkavoor. He has been accused of defrauding the Kizhuvilam service cooperative bank of ₹1.62 crore by creating fake certificates and forging the signatures of account holders.
The accused allegedly committed the crime when he worked as the manager in-charge of the Puravoor and Kochalummoodu branches between April 2022 and March 2023. After creating fake certificates similar to those issued for fixed deposits maintained by account holders, he transferred the amount to the bank accounts of his relatives.
While the Chirayinkeezhu police registered a case on the basis of a complaint by the bank secretary, the case was transferred to the District Crime Branch by the District Police Chief (Thiruvananthapuram Rural).
